AN ACT TO INCREASE THE AUTHORIZATION FOR WILSON COUNTY TO LEVY AN OCCUPANCY TAX.
Senate committee substitute makes the following changes to the 2nd edition.
Amends provisions concerning the distribution and use of the additional occupancy tax revenue, providing that one-third of net proceeds are to be distributed to the Wilson County Tourism Development Authority (Authority) for the overall promotion of travel and tourism in Wilson County and two-thirds of the net proceeds to the City of Wilson, on a quarterly basis, for use for tourism-related expenditures in Wilson County that have been specifically approved in advance by the Wilson County Tourism Development Authority (previously, required the remittance of proceeds on a monthly basis, requiring that one-third of the proceeds of the additional occupancy tax be remitted monthly to the Authority with the remaining two-thirds remitted to the City of Wilson. Required seven-eighths of proceeds remitted to the Authority to be used for travel and tourism promotion. Required the City to use at least one-fourth of the funds remitted to it to promote travel and tourism in the County and the remainder for tourism-related expenditures in the County that have been specifically approved in advance by the Authority.)
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